54. Bitcoin and the Global Economy with Lyn Alden
The Bitcoin Standard Podcast
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What's the Difference Between Defaults and the Long Term Death Cycle?
In 1971, de-pegging the dollar from gold was a default on public debt. And so does that change your analysis in any way if you think about it as a default because Nixon effectively defaulted on their promises of a central bank? I do. That's kind of how I also have characterized it in the past. The big question to look at is what sort of fiscal packages are they going to pass Because they're the ones that have a big influence on how big broad money supply is going to be.
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